In his testimony before the jury, Sam Bankman-Fried argued it was his FTX lieutenants who committed financial fraud without his knowledge, earning intense grilling from the prosecution as well. Clinical professor and Director of the Securities Law Clinic at Cornell Law School, William Jacobson, joins the podcast to explain what could be learned from SBF’s testimony and what to expect from closing arguments. Professor Jacobson analyzes the necessary gamble of SBF’s jury testimony and how Sam’s narrative of the FTX collapse contradicts the testimonies from his inner circle. He explains the main challenges facing the prosecution: the burden of proof and the complexity of this alleged financial crime. Click Here for all episodes in the series. Learn more about your ad choices. Visit megaphone.fm/adchoices